38 Bank Street Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04144070

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		575,000		575,000

			575,000		575,000
CURRENT ASSETS
Debtors	5	1,665		3,302
Cash at bank and in hand		23,093		2,396

		24,758		5,698
Creditors: Amounts Falling Due Within One Year	6	(13,164 )		(13,517 )

NET CURRENT ASSETS (LIABILITIES)			11,594		(7,819 )

TOTAL ASSETS LESS CURRENT LIABILITIES			586,594		567,181

NET ASSETS			586,594		567,181

CAPITAL AND RESERVES
Called up share capital	7		6		6
Profit and Loss Account			586,588		567,175

SHAREHOLDERS' FUNDS			586,594		567,181

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38 Bank Street Limited

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr S B Morgan

Director

29 October 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

38 Bank Street Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04144070 . The registered office is PJE Chartered Accountants, 2 Oakfield Road, Clifton, Bristol, BS8 2AL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Investment Properties

All investment properties are carried at fair value determined at the most recent valuation and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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38 Bank Street Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2025: NIL)

4. Investment Property

	2026
	£
Fair Value
As at 1 February 2025 and 31 January 2026	575,000

Fair Value at 31 January 2025 is represented by:

	£
Cost	752,082
Valuation in 2003	57,918
Valuation in 2010	440,000
Valuation in 2020	(450,000)
Valuation in 2025	(225,000)
	575,000

The investment property is on lease to third parties. The fair value of the investment property has been arrived at on the basis ofa valuation carried out by the directors and shareholders of the company. They have determined that a revaluation to £575,000 is appropriate based on market factors and reversionary rent.

5. Debtors

	2026	2025
	£	£
Due within one year
Prepayments and accrued income	1,665	2,186
VAT	-	1,116

	1,665	3,302

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38 Bank Street Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	1	-
Other loans	-	3,500
Corporation tax	5,737	200
VAT	2,356	-
Accruals and deferred income	5,070	2,817
Directors' loan accounts	-	7,000

	13,164	13,517

7. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	6	6

8. Reserves

	Fair value reserve	Profit and Loss Account
	£	£
As at 1 February 2025	-	567,175
Profit for the year and total comprehensive income	-	19,413

As at 31 January 2026	-	586,588

9. Related Party Transactions

There were no related party transactions during the period.

10. Ultimate Controlling Party

The company was under the control of the board of directors during the current and previous year, by virtue of their joint majority shareholding.

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